April 19, 2018 / 10:58 AM / in 3 months

BRIEF-Punjab & Sind Bank Says Co's NPA Exposure Is 1.69 Bln Rupees In Surya Pharmaceuticals Case

April 19 (Reuters) - Punjab & Sind Bank:

* SAYS ACCOUNT OF SURYA PHARMACEUTICALS IS OLD CASE OF CONSORTIUM ADVANCE; ACCOUNT TURNED NPA IN 2011

* SAYS 100 PERCENT PROVISION HAS ALREADY BEEEN MADE FOR SURYA PHARMACEUTICALS ACCOUNT

* SAYS BANK REPORTED FRAUD TO RBI

* NPA EXPOSURE OF 6.21 BILLION RUPEES IS FOR CONSORTIUM (EXCLUDING SBI) AND SHARE OF PUNJAB & SIND BANK IS 1.69 BILLION RUPEES Source text - bit.ly/2J7XLFW Further company coverage:

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